octoimageWhether the discussion is about public grants funding or government agencies’ portfolio management at large, semantic technology can help optimize departments’ missions and outcomes. Octo Consulting, whose engagement with the National Institutes of Health The Semantic Web Blog discussed here, sees the issue in terms of integration and aggregation of data across multiple pipes, vocabularies and standards to enable grant-makers or agency portfolio-managers to get the right answers when they want to search to answer questions, such as whether grants are being allocated to the right opportunities and executed properly, or whether contracts are hired out to the right vendors or licenses are being duplicated.

Those funding public grants, for instance, should keep an eye on what projects private monies are going to, as well – a job that may involve incorporating data in other formats from other public datasets, social media and other sources in addition to their own information, in order to optimize decisions. “The nature of the public grant market is effectively understanding what the private grant market is doing and not doing the same thing,” says Octo executive VP Jay Shah.

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